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What is the purpose of the End User License Agreement (EULA)?

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What is the purpose of the End User License Agreement (EULA)?

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The End User License Agreement (EULA) is a legal agreement between you (an end user,either an individual or a single legal entity) and the owner of a software product. The EULA serves as an agreement between a producer and a user of computer software and specifies the parameter of use granted to the user. The software producer specifies these parameters and limitations on use, which can become part of a legally binding contract. When you check of the “I Agree” box, you are in fact legally acepting to abide by the terms of the agreement and to use the software as the owner specifies. It is good to remember that in many cases, even though you bought the software CD, you do not “own” the software, you have merely bought a licence to use it as the owner specifies.

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